2. Reform LiberalismGovernment maintains order only by enforcing general rulesProtect stateProtect individualsErect certain public works (goods)Punish “free-riders”1. Classic LiberalismAdam Smith: The Wealth of Nations (1776)

The “invisible hand” in economics

Laissez-faire: “let alone” or “let do/make”

Spontaneous Order Members of society pursue their own individual good, and respond to the initiatives of othersTypes: